Wednesday, May 14, 2008

clorox hikes dividend 15%

Manufacturer and marketer of consumer products The Clorox Company (CLX), have raised their quarterly dividend by 15%. Clorox are the folks behind consumer products ranging from Glad bags and Brita water filters, to Armour All. Clorox has also announced that they'll buy back an additional $750 million in stock.

Here is a glance at Clorox's recent dividend history in fiscal years:
  • 2005 = $1.10/share
  • 2006 = $1.14/share
  • 2007 = $1.20/share
  • 2008 = $1.60/share
  • 2009 = $1.84/share (EST.)

This represents an average compounded annual increase of the dividend of over 13%. Clorox recently announced earnings which included an outlook that was better than the street was expecting. This would explain the spike in the stock from its lows. The company is currently fighting against rising resin costs as they're being affected like everyone else by high oil prices. They are also integrating a major acquisition and have just launched several new products. Read more about Clorox at my link above.

*I own shares in Clorox (CLX)

1 comment:

Dividend Growth Investor said...

I love getting paid more money;-)